Ganesh Benzoplast Ltd updates on subsidiaries

The Board of Directors of Ganesh Benzoplast Ltd, at their meeting held on September 01, 2021, has discussed the business operations and prospects of GBL Clean energy Private Limited, a newly incorporated 100% subsidiary which will deal in clean energy fuels viz. ethanol, ethyl alcohol, bioethanol, butanol, bio-alcohol, methanol and Isopropyl alcohol and other clean energy and biodiesel fuels, bio-oils and other agro-based products etc. Using ethanol and other alternative bio-fuels is highly promoted by the Government these days and various initiatives are taken by the Government for using environmentally friendly sources of fuel and by this industry, has a huge demand which can be capitalized by the company with the existing experience of the its parent company.

The board also discussed the business operations and prospects of GBL Infra Engineering Services Private Limited a newly incorporated 100% subsidiary which will provide quality services in technical consultancy, design & engineering, procurement construction & implementation of projects from concept to commissioning for industrial and other service sectors. With the current developments in the infrastructure field both by the government and private sector, the company has opportunity to grow.

Shares of Ganesh Benzoplast Ltd., was last trading in BSE at Rs. 76.7 as compared to the previous close of Rs. 76.35. The total number of shares traded during the day was 39369 in over 421 trades.

The stock hit an intraday high of Rs. 79 and intraday low of 75.8. The net turnover during the day was Rs. 3050181.

Source : Equity Bulls

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